Common use of Loss Limitation Clause in Contracts

Loss Limitation. Notwithstanding anything to the contrary contained in this Section 4.2, the amount of Net Losses allocated to any Shareholder shall not exceed the maximum amount of such items that can be so allocated without causing such Shareholder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. All such items in excess of the limitation set forth in the previous sentence shall be allocated first to Shareholders who would not have an Adjusted Capital Account Deficit, pro rata, until no Shareholder would be entitled to any further allocation, and then to the Manager.

Loss Limitation. Notwithstanding anything to the contrary contained in this Section 4.2, the amount of Net Losses allocated to any Shareholder shall not exceed the maximum amount of such items that can be so allocated without causing such Shareholder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. All such items in excess of the limitation set forth in the previous sentence shall be allocated first to Shareholders who would not have an Adjusted Capital Account Deficit, pro rata, until no Shareholder would be entitled to any further allocation, and then to the Manager.

Loss Limitation. Notwithstanding anything to the contrary contained in this Section 4.2, the amount of Net Fund Losses allocated pursuant to Section 4.2(b) to any Shareholder shall not exceed the maximum amount of such items that can be so allocated without causing such Shareholder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. All such items in excess of the limitation set forth in the previous sentence shall be allocated first to Shareholders who would not have an Adjusted Capital Account Deficit, pro rata, until no Shareholder would be entitled to any further allocation, and then to the Manager.

Loss Limitation. Notwithstanding anything to the contrary contained in this Section 4.2, the amount of Net Fund Losses allocated pursuant to Section 4.2(b) to any Shareholder shall not exceed the maximum amount of such items that can be so allocated without causing such Shareholder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. All such items in excess of the limitation set forth in the previous sentence this Section 4.2(c) shall be allocated first to Shareholders who would not have an Adjusted Capital Account Deficit, pro rata, until no Shareholder would be entitled to any further allocation, and then to the Manager.

Loss Limitation. Notwithstanding anything to the contrary contained in this Section 4.2, the amount of Net Fund Losses allocated pursuant to Section 4.2(a) to any Shareholder shall not exceed the maximum amount of such items that can be so allocated without causing such Shareholder to have an Adjusted Capital Account Deficit at the end of any Fiscal Year. All such items in excess of the limitation set forth in the previous sentence shall be allocated first to Shareholders who would not have an Adjusted Capital Account Deficit, pro rata, until no Shareholder would be entitled to any further allocation, and then to the Manager.